UTILITIES EMPLOYEES CREDIT UNION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
UTILITIES EMPLOYEES CREDIT UNION (EIN 23-1278971)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-07-26
IRS object ID
201832079349300533
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-07-26T11:45:59-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382492570PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DOEREN MAYHEWBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112060 S W 129TH COURT STE 201AddressLine1Txt
CityMIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP331864582ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN231278971EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1UTILITIES EMPLOYEES CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlUTILBusinessNameControlTxt
Phone6109274000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 14864AddressLine1Txt
CityREADINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19612ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPHILLIP GEIGER CPAPersonNm
Person TitleVICE PRESIDENT/CFOPersonTitleTxt
Phone6109274000PhoneNum
Signature2018-07-26SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDOUGLAS J ORTHPreparerPersonNm
PTINP01076394PTIN
Phone3052328272PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBRET KREVOLINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 14864AddressLine1Txt
CityREADINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19612ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$36,513,510GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.UECU.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1934FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionUECU IS A NOT-FOR-PROFIT COOPERATIVE FINANCIAL INSTITUTION, OWNED BY ITS MEMBERS, OPERATED FOR PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT REASONABLE RATES AND PROVIDING OTHER FINANCIAL SERVICES TO OUR MEMBERS.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee97TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$15,640,286PYProgramServiceRevenueAmt
CY Program Service Revenue$16,633,220CYProgramServiceRevenueAmt
PY Investment Income$14,558,276PYInvestmentIncomeAmt
CY Investment Income$15,707,795CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$30,198,562PYTotalRevenueAmt
CY Total Revenue$32,341,015CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$8,366,198PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$8,901,782CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$15,334,416PYOtherExpensesAmt
CY Other Expenses$16,175,774CYOtherExpensesAmt
PY Total Expenses$23,700,614PYTotalExpensesAmt
CY Total Expenses$25,077,556CYTotalExpensesAmt
PY Revenues Less Expenses$6,497,948PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$7,263,459CYRevenuesLessExpensesAmt
Total Assets BOY$1,153,171,005TotalAssetsBOYAmt
Total Assets EOY$1,179,762,569TotalAssetsEOYAmt
Total Liabilities BOY$999,214,035TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,020,035,301TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$153,956,970NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$159,727,268NetAssetsOrFundBalancesEOYAmt
MissionUECU IS A NOT-FOR-PROFIT COOPERATIVE FINANCIAL INSTITUTION, OWNED BY ITS MEMBERS, OPERATED FOR THE PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT REASONABLE RATES AND PROVIDING OTHER FINANCIAL SERVICES TO OUR MEMBERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescCREDIT UNIONS ARE COOPERATIVE SAVINGS AND CREDIT ASSOCIATIONS INCORPORATED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR SUCH MEMBERS AT REASONABLE RATES OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document28804IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee97EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPHILLIP GEIGER VPCFOPersonNm
Phone6109274060PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 MERIDIAN BOULEVARDAddressLine1Txt
CityWYOMISSINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19610ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
RICHARD R BENSON
DIRECTOR1.00Yes (X)$0$0$0
JOE DEANE
DIRECTOR1.00Yes (X)$0$0$0
AMY J FLEISCHMAN
DIRECTOR1.00Yes (X)$0$0$0
DANIEL M FURLONG
CHAIRPERSON1.00Yes (X)$0$0$0
ANNMARIE HIGGINS
DIRECTOR1.00Yes (X)$0$0$0
ALAN R METZLER
V. CHAIRPERSON1.00Yes (X)$0$0$0
PATRICIA A ZYMA
PRESIDENT/CEO50.00Yes (X)$618,013$0$265,076Yes (X)
BRET H KREVOLIN
VP/CFO50.00$284,933$0$40,312Yes (X)
ROBERT HALL
INVESTMENT OFFICER50.00$183,643$0$57,736Yes (X)
JOHN ACANFORA
VP OF IT. MARKETING AND BU50.00$246,182$0$35,734Yes (X)
MICHAEL MALONE
VP OF LENDING50.00$178,701$0$47,110Yes (X)
KENNETH C HEYDT
FINANCE MANAGER/CONTROLLER50.00$136,945$0$48,657Yes (X)
RICKY MINJOCK
LENDING MANAGER50.00$121,857$0$27,808Yes (X)
KENNETH STAVARSKI
COMPLIANCE OFFICER50.00$122,365$0$51,164Yes (X)
MARY ELLEN CLARK
DEPOSIT/CARD SERVICE/PROJE50.00$120,910$0$45,160Yes (X)
TERRANCE LARKIN
LOAN OPERATIONS/SALES MANAGER50.00$125,003$0$23,622Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,138,552TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$642,379TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K10IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GIFTCERTIFICATESCOM
11510 BLONDO STREETOMAHANE68164VANTAGE POINTS REWARDS PROGRAM$493,418
JACK HENRY AND ASSOCIATES
PO BOX 609MONETTMO65708CORE SYSTEM$258,722
IDSCOM
747 E WHITCOMB AVENUEMADISON HEIGHTSWI48071STATEMENT PROCESSING$257,383
PENNSYLVANIA DEPT OF BANKING AND SECURIT
PO BOX 2833HARRISBURGPA19018ANNUAL DUES$242,852
DISTRIBUTED SYSTEMS SERVICES INC
ONE MERIDIAN BLVDWYOMISSINGPA19610INFORMATION SYSTEMS HARDWARE$201,710
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INCOME ON LOANS522100$12,963,307$12,963,307
FEES/CHARGES/OTHER522100$3,669,913$3,669,913
FieldValueIRS element (for citing)
Total Program Service Revenue$16,633,220TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$15,636,795TotalRevenueColumnAmt
Related Or Exempt Func Income$15,636,795RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,243,495SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$4,172,495SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$71,000SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$71,000TotalRevenueColumnAmt
Related Or Exempt Func Income$71,000RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$32,341,015TotalRevenueColumnAmt
Related Or Exempt Func Income$32,341,015RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,956,440TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,285,774TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$285,229TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$867,222TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$507,117TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$102,395TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$5,386TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$46,992TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$35,217TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$303,056TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,199,903TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$484,729TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$610,325TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$311,685TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,562TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$7,341TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$9,947,771TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$485,024TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$91,267TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
DEBIT/CC EXPENSES$762,834
PROVISION FOR LOAN LOSS$480,000
LOAN SERVICING$454,969
BANK DEPT. FEES$242,852

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$596,466TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$25,077,556TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$650BOYAmt
EOY$36,712EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,999,243BOYAmt
EOY$24,014,985EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$485,775BOYAmt
EOY$559,888EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$275,630,818BOYAmt
EOY$307,432,561EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$437,164BOYAmt
EOY$716,658EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$15,418,121LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,878,785LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$10,708,307BOYAmt
EOY$10,539,336EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$830,608,919BOYAmt
EOY$815,753,130EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$886,379BOYAmt
EOY$929,870EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$500,999EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$17,413,750BOYAmt
EOY$19,278,430EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,153,171,005BOYAmt
EOY$1,179,762,569EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,425,065BOYAmt
EOY$6,297,999EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$993,788,970BOYAmt
EOY$1,013,737,302EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$999,214,035BOYAmt
EOY$1,020,035,301EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$153,956,970BOYAmt
EOY$159,727,268EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$153,956,970BOYAmt
EOY$159,727,268EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,153,171,005BOYAmt
EOY$1,179,762,569EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$7,263,459ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$1,387,980NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$105,181OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,161,950OtherCostOrOtherBasisAmt
Book Value$3,161,950BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,317,879OtherCostOrOtherBasisAmt
Depreciation$2,382,229DepreciationAmt
Book Value$6,935,650BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,938,292OtherCostOrOtherBasisAmt
Depreciation$2,496,556DepreciationAmt
Book Value$441,736BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$10,539,336TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
SHARE DRAFT$61,424,687
MONEY MARKET SAVINGS$644,307,932
REGULAR SHARES$178,007,073
IRA SHARES$64,613,962
CERTIFICATES OF DEPOSIT$65,383,648
FieldValueIRS element (for citing)
Total Liability$1,013,737,302TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OF DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2016, 2015, AND 2014 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. THE CREDIT UNION'S WHOLLY-OWNED SUBSIDIARY IS ORGANIZED AS A LIMITED LIABILITY COMPANY. AS SUCH, THE SUBSIDIARY'S TAXABLE INCOME OR LOSS IS PASSED THROUGH TO THE CREDIT UNION. DURING THE YEARS ENDED DECEMBER 31, 2017 AND 2016, THE CREDIT UNION DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX LIABILITIES OR BENEFITS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
PATRICIA A ZYMA
PRESIDENT/CEO$402,273$0$215,740$0$0$0$249,705$0$15,371$0$883,089$0$0$0
BRET H KREVOLIN
VP/CFO$226,120$0$58,813$0$0$0$21,600$0$18,712$0$325,245$0$0$0
ROBERT HALL
INVESTMENT OFFICER$163,265$0$20,378$0$0$0$42,844$0$14,892$0$241,379$0$0$0
JOHN ACANFORA
VP OF IT. MARKETING AND BU$197,443$0$48,739$0$0$0$19,854$0$15,880$0$281,916$0$0$0
MICHAEL MALONE
VP OF LENDING$149,202$0$29,499$0$0$0$40,188$0$6,922$0$225,811$0$0$0
KENNETH C HEYDT
FINANCE MANAGER/CONTROLLER$124,641$0$12,304$0$0$0$33,317$0$15,340$0$185,602$0$0$0
KENNETH STAVARSKI
COMPLIANCE OFFICER$111,115$0$11,250$0$0$0$40,923$0$10,241$0$173,529$0$0$0
MARY ELLEN CLARK
DEPOSIT/CARD SERVICE/PROJE$107,535$0$13,375$0$0$0$38,068$0$7,092$0$166,070$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 4BTHE CREDIT UNION AND ITS CURRENT PRESIDENT/CEO ARE PARTIES TO AN EMPLOYMENT AGREEMENT DATED OCTOBER 1, 2014, WHICH PROVIDES FOR A PAYMENT UNDER A PERFORMANCE-BASED RETENTION PLAN UPON COMPLETION OF THE REQUIRED EMPLOYMENT AND ACHIEVEMENT OF SPECIFIED CRITERIA.
PART II, COLUMN CRETIREMENT AND OTHER DEFERRED COMPENSATION INCLUDED THE CHANGE IN THE ACTUARIAL PRESENT VALUE OF PENSION BENEFITS FOR THOSE PARTICIPATING IN THE CREDIT UNION'S NONCONTRIBUTORY DEFINED BENEFIT PENSION PLAN ("THE PLAN"). THE PLAN COVERS SUBSTANTIALLY ALL EMPLOYEES WHO WERE HIRED BEFORE DECEMBER 31, 2009. MR. ACANFORA AND MR. KREVOLIN WERE HIRED AFTER THAT DATE AND, THEREFORE, ARE NOT COVERED UNDER THE PLAN. ACTUAL BENEFITS PAYABLE UNDER THIS PLAN WERE FROZEN JANUARY 1, 2013 AND NO FUTURE SERVICE AND SALARY INCREASE BENEFITS CAN BE EARNED BY PARTICIPANTS AFTER THAT DATE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6UECU IS A NOT-FOR-PROFIT COOPERATIVE FINANCIAL INSTITUTION, OWNED BY ITS MEMBERS, OPERATED FOR THE PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT REASONABLE RATES, AND PROVIDING OTHER FINANCIAL SERVICES TO ITS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7ATHE MEMBERS OWN THE ORGANIZATION AND ELECT ALL MEMBERS OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7BTHERE IS NO SPECIFIC CLASS FOR ANY MEMBER. EACH MEMBER HAS EQUAL VOTING RIGHTS WHEN MAKING DECISIONS. DECISIONS THAT REQUIRE APPROVAL INCLUDE AMENDMENT OF BYLAWS AND ELECTION OF OFFICIALS (BOARD OF DIRECTORS).
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTANT. THE FORM 990 WAS REVIEWED BY THE CONTROLLER, CFO, AND CEO. IN ADDITION, THE ADMINISTRATIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CBUSINESS ETHICS POLICY PROVIDED AND REVIEWED WITH NEW EMPLOYEES AND VOLUNTEERS (BOARD OF DIRECTORS AND AUDIT COMMITTEE). ON AN ANNUAL BASIS, EACH EMPLOYEE AND VOLUNTEER MUST FILE A STATEMENT ACKNOWLEDGING RECEIPT OF THE MOST RECENT POLICY AND COMPLIANCE WITH THE POLICY. THE AFFIRMATION IS MAINTAINED BY THE CREDIT UNION'S IN-HOUSE LEGAL COUNSEL. THE PRESIDENT/CEO HAS AUTHORITY TO RESOLVE QUESTIONS DEALING WITH CONFLICTS OF INTEREST. SUSPECTED CONFLICTS MAY ALSO BE REPORTED TO THE CREDIT UNION'S SUPERVISORY (AUDIT) COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 15THE ADMINISTRATIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES THE CEO'S SALARY AND INCENTIVE COMPENSATION PROGRAM/PAYMENT. THE COMMITTEE ALSO ASSISTS THE CEO IN EVALUATING THE MARKET AND ESTABLISHING COMPENSATION PACKAGES FOR THE EXECUTIVE MANAGEMENT TEAM. THE COMMITTEE EMPLOYS THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT IN FULFILLING ITS RESPONSIBILITIES. THE CONSULTANT PROVIDES AN ANNUAL EXECUTIVE COMPENSATION UPDATE THAT ALLOWS THE COMMITTEE TO MONITOR TRENDS IN THE CREDIT UNION INDUSTRY TO ENSURE THE CEO AND EXECUTIVE TEAM COMPENSATION REMAIN IN AN APPROPRIATE RELATIONSHIP TO THE MARKET, IN ACCORDANCE WITH THE CREDIT UNION'S COMPENSATION PHILOSOPHY.
FORM 990, PART VI, SECTION C, LINE 19THE CREDIT UNION'S ANNUAL REPORT IS PUBLISHED ON THE ORGANIZATION'S WEBSITE. COPIES ARE ALSO MADE AVAILABLE TO MEMBERS, UPON REQUEST. THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 24EATM EXPENSES 229,598. MAINTENANCE/REPAIRS 199,722. MISCELLANEOUS EXP 167,146.
FORM 990, PART XI, LINE 9:NET CHANGE IN DEFINED BENEFIT PENSION PLAN -34,529. NET CHANGE IN POST-RETIREMENT HEALTHCARE PLAN 348. RECLASSFICATION ADJUSTMENT FOR NET INVESTMENT GAINS INCLUDED IN NET INCOME -71,000.
FORM 990, PART XII, LINE 2C:THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1ADVANTAGE FINANCIAL SERVICES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 MERIDIAN BLVDAddressLine1Txt
CityWYOMISSINGCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19610ZIPCd
FieldValueIRS element (for citing)
EIN271678918EIN
Primary ActivitiesCLERICAL, PROFESSIONAL & MANAGEMENT SERVICESPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd
Total Income$30TotalIncomeAmt
End Of Year Assets$305EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1UTILITIES EMPLOYEES CUBusinessNameLine1Txt

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